Developer Mactaggart Family & Partners is set to spend £70m building a 128-room hotel in the Farringdon area of London, having been granted planning permission by the City of London.
Situated at 1-8 Long Lane, the Resident Farringdon will be built on a site occupied by offices that has been owned by the developer for the last 30 years.
Designed by EPR Architects, the hotel will feature a ground-floor third-party-run restaurant and will be managed by operator Resident Hotels.
Resident Hotels, which is majority-owned by Mactaggart Family & Partners, operates nine hotels, five as The Resident (four in London and one in Liverpool), three as Sleeperz in Cardiff, Newcastle and Dundee and one Cityroomz in Edinburgh.
William Laxton, chief executive of Mactaggart Family & Partners, said: “We are thrilled with the consent for The Resident Farringdon and with the opportunity to contribute to this growing and thriving location. It is so important to us to be able to maximise this site’s potential with a modern, high-quality hotel, which is also as sustainable as possible, and we are thrilled that the City of London planning committee has vindicated our approach to the scheme.
“The Resident Farringdon will offer guests a home-from-home experience, from which they can explore this thriving neighbourhood, with bars, restaurants, galleries, museums and performance venues only steps away, all activated by some of the best infrastructure in Europe in the form of the Elizabeth line at Farringdon East,” he added.
